Rhumbline Advisers decreased its holdings in CalAtlantic Group, Inc. (NYSE:CAA) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,113 shares of the construction company’s stock after selling 5,710 shares during the quarter. Rhumbline Advisers owned approximately 0.12% of CalAtlantic Group worth $4,953,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of CAA. Teachers Advisors LLC grew its holdings in shares of CalAtlantic Group by 15.3% during the 4th quarter. Teachers Advisors LLC now owns 91,603 shares of the construction company’s stock worth $3,115,000 after purchasing an additional 12,171 shares during the period. Bank of Montreal Can grew its holdings in shares of CalAtlantic Group by 207.4% during the 1st quarter. Bank of Montreal Can now owns 11,129 shares of the construction company’s stock worth $416,000 after purchasing an additional 7,509 shares during the period. Capstone Asset Management Co. grew its holdings in shares of CalAtlantic Group by 20.9% during the 1st quarter. Capstone Asset Management Co. now owns 14,987 shares of the construction company’s stock worth $561,000 after purchasing an additional 2,590 shares during the period. Louisiana State Employees Retirement System boosted its holdings in CalAtlantic Group by 0.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the construction company’s stock worth $682,000 after acquiring an additional 100 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in CalAtlantic Group in the 1st quarter worth approximately $484,000.
In related news, CEO Larry T. Nicholson sold 9,004 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $35.61, for a total transaction of $320,632.44. Following the completion of the transaction, the chief executive officer now directly owns 611,733 shares of the company’s stock, valued at approximately $21,783,812.13. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 39.50% of the stock is owned by company insiders.
CalAtlantic Group, Inc. (NYSE:CAA) traded down 0.82% during midday trading on Friday, hitting $34.95. The company had a trading volume of 1,606,885 shares. The company’s 50 day moving average is $34.89 and its 200-day moving average is $36.13. The company has a market cap of $3.85 billion, a P/E ratio of 9.62 and a beta of 1.41. CalAtlantic Group, Inc. has a one year low of $30.18 and a one year high of $38.63.
CalAtlantic Group (NYSE:CAA) last announced its earnings results on Thursday, July 27th. The construction company reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.03). The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion. CalAtlantic Group had a return on equity of 11.40% and a net margin of 7.26%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 earnings per share. On average, equities analysts predict that CalAtlantic Group, Inc. will post $3.47 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, September 30th. Investors of record on Friday, September 15th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Thursday, September 14th. CalAtlantic Group’s dividend payout ratio is currently 4.46%.
CAA has been the subject of a number of analyst reports. ValuEngine cut CalAtlantic Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 23rd. Barclays PLC upgraded CalAtlantic Group from an “underweight” rating to an “equal weight” rating and set a $35.00 price target for the company in a report on Tuesday, July 11th. BidaskClub upgraded CalAtlantic Group from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. KeyCorp restated a “hold” rating on shares of CalAtlantic Group in a report on Friday, August 25th. Finally, Bank of America Corporation lowered CalAtlantic Group from a “buy” rating to a “neutral” rating in a research report on Thursday, June 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $39.89.
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CalAtlantic Group Company Profile
CalAtlantic Group, Inc is a diversified builder of single-family attached and detached homes. The Company operates through two segments: homebuilding and financial services. The homebuilding segment operations include acquiring and developing land, and constructing and selling single-family attached and detached homes.
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